Stevens Capital Management LP purchased a new stake in Mueller Water Products (NYSE:MWA) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 19,899 shares of the industrial products company’s stock, valued at approximately $255,000.

Several other large investors have also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas raised its position in shares of Mueller Water Products by 1.5% in the second quarter. Teacher Retirement System of Texas now owns 13,074 shares of the industrial products company’s stock valued at $153,000 after purchasing an additional 191 shares during the period. Ameritas Investment Partners Inc. raised its position in shares of Mueller Water Products by 2.0% in the second quarter. Ameritas Investment Partners Inc. now owns 13,730 shares of the industrial products company’s stock valued at $160,000 after purchasing an additional 266 shares during the period. Oppenheimer & Co. Inc. raised its position in shares of Mueller Water Products by 1.9% in the second quarter. Oppenheimer & Co. Inc. now owns 23,277 shares of the industrial products company’s stock valued at $272,000 after purchasing an additional 424 shares during the period. Amalgamated Bank raised its position in shares of Mueller Water Products by 2.6% in the second quarter. Amalgamated Bank now owns 19,603 shares of the industrial products company’s stock valued at $229,000 after purchasing an additional 500 shares during the period. Finally, Guyasuta Investment Advisors Inc. raised its position in shares of Mueller Water Products by 1.3% in the second quarter. Guyasuta Investment Advisors Inc. now owns 74,256 shares of the industrial products company’s stock valued at $867,000 after purchasing an additional 940 shares during the period. 84.04% of the stock is currently owned by institutional investors.

A number of research firms have recently commented on MWA. Robert W. Baird reissued a “hold” rating and issued a $13.00 price target on shares of Mueller Water Products in a research report on Friday, September 8th. Zacks Investment Research raised shares of Mueller Water Products from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Oppenheimer Holdings, Inc. set a $13.00 price target on shares of Mueller Water Products and gave the company a “buy” rating in a research report on Monday, July 31st. Cowen and Company reissued a “hold” rating and issued a $12.00 price target on shares of Mueller Water Products in a research report on Thursday, September 21st. Finally, Boenning Scattergood reissued a “buy” rating and issued a $14.00 price target on shares of Mueller Water Products in a research report on Thursday, November 2nd. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Mueller Water Products presently has an average rating of “Buy” and an average target price of $13.75.

In other news, CFO Evan Hart sold 50,000 shares of the firm’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $12.10, for a total value of $605,000.00. Following the sale, the chief financial officer now owns 321,247 shares in the company, valued at $3,887,088.70. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 4.30% of the company’s stock.

Shares of Mueller Water Products (MWA) opened at $11.93 on Tuesday. The stock has a market cap of $1,910.00, a price-to-earnings ratio of 27.70, a PEG ratio of 1.50 and a beta of 1.32. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.90 and a quick ratio of 4.63. Mueller Water Products has a 52 week low of $10.84 and a 52 week high of $14.20.

Mueller Water Products (NYSE:MWA) last announced its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15. The business had revenue of $226.90 million for the quarter, compared to the consensus estimate of $227.14 million. Mueller Water Products had a net margin of 14.93% and a return on equity of 15.83%. Mueller Water Products’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the company posted $0.17 earnings per share. research analysts expect that Mueller Water Products will post 0.53 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Friday, November 10th were paid a $0.04 dividend. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $0.16 annualized dividend and a dividend yield of 1.34%. Mueller Water Products’s payout ratio is 47.06%.

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Mueller Water Products Company Profile

Mueller Water Products, Inc is a manufacturer and marketer of products and services used in the transmission, distribution and measurement of water in North America. The Company operates through three segments: Mueller Co, Anvil and Mueller Technologies. The Mueller Co segment manufactures valves for water and gas systems, and dry-barrel and wet-barrel fire hydrants.

Institutional Ownership by Quarter for Mueller Water Products (NYSE:MWA)

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